PAKISTAN
Beco Steel Limited has achieved a significant milestone in its business expansion by successfully completing its first export consignment of Copper Ingot to Hong Kong, China. The consignment, produced from remeltable scrap of the company’s raw material, signals the company’s strategic move towards diversifying its revenue streams and entering new international markets.
According to a formal disclosure submitted to the Pakistan Stock Exchange (PSX), this shipment represents a promising new avenue for growth. The company views this development as a key step toward expanding its export business and enhancing shareholder value.
“This strategic step will support our objectives to enhance export revenues and generate greater value for our shareholders,” stated the company in its communication to PSX, in accordance with Section 96 and 131 of the Securities Act, 2015 and Regulation 5.6.1 of the PSX Rule Book.
The company also assured the Exchange that it would keep stakeholders informed about any further material developments. – ENGINEERING REVIEW
